Bank of America Weighs in on AMD Stock Amid Post-Earnings Slump - TipRanks.com

Sometimes good is not good enough. Advanced Micro Devices (NASDAQ:AMD) posted beats on both the top-and bottom-line in its Q1 readout whilst also meeting Street expectations on its guide. However, investors appeared to want more, sending shares down 9% as of this writing. The chip giant generated revenue of $5.47 billion in the quarter, amounting to a 2.2% year-over-year increase while edging ahead of the consensus estimate by $20 million. Within the revenue haul, boosted by the launch of its …